- #944 of 2394
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Re: Chrysler first to fall? [golic]
by Mr_Shiftright HOST
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Apr 23, 2009 (3:12 pm)
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Replying to: golic (Apr 23, 2009 12:50 pm)
Well they're bleeding money so fast it's either that or the whole thing collapses. Despite what the free market utopians might think, having huge industrial and financial institutions crash into a smoldering heap overnight is just not a good idea. It's not the academic economist or think tank pundits who lose their jobs. This is one time I actually believe in the "domino theory".
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- #945 of 2394
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Re: Chrysler first to fall? [golic]
by tidester HOST
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Apr 23, 2009 (3:21 pm)
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Replying to: golic (Apr 23, 2009 12:50 pm)
the Obama administration will file to put Chrylser into bankruptcy
I don't understand why that is the President's decision to make. 
tidester, host
SUVs and Smart Shopper
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- #946 of 2394
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Re: Chrysler first to fall? [tidester]
by Mr_Shiftright HOST
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Apr 23, 2009 (4:32 pm)
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Replying to: tidester (Apr 23, 2009 3:21 pm)
Fiat just said NO to Chrysler BTW.
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- #947 of 2394
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Re: Chrysler first to fall? [tidester]
by golic
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Apr 24, 2009 (4:08 am)
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Replying to: tidester (Apr 23, 2009 3:21 pm)
There are two types of Bankruptcy's. Voluntary - When the Company files on its own. And Involuntary - when a creditor(s) who meet certain thresholds can force a company into Bankruptcy.
My guess is with the money lent by the US Government came with the stipulation that allowed the US to force it into BK if certain covenants were not adhered to or met.
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- #948 of 2394
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Re: Bankruptcy and Dealers [sabre52270]
by joel0622
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Apr 24, 2009 (6:33 am)
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Replying to: sabre52270 (Apr 22, 2009 6:23 am)
Keep Ford out of your BK discussion, when the smoke clears we will be standing tall leading the world market. Allan Mullaley is a genius and his way forward plan is right on schedule.
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- #949 of 2394
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Re: Chrysler first to fall? [golic]
by joel0622
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Apr 24, 2009 (6:34 am)
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Replying to: golic (Apr 24, 2009 4:08 am)
Chryslers hopes hinge on weather or not the creditors they have will take stock as repayment for the debt. If they do then they may live to fight another day. If not then it may be the beggining of the end for them.
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- #950 of 2394
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Re: Chrysler first to fall? [Mr_Shiftright]
by sabre52270
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Apr 24, 2009 (9:52 am)
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Replying to: Mr_Shiftright (Apr 23, 2009 4:32 pm)
Everyone has an opinion on what's happening with Chrysler, Fiat, the government and their creditors. In the end, we won't know what happens until it happens.
Remember originally the government said they had till April 30 to get the additional bailout money, not declare bankruptcy. So, something must have happened along the way.
Also, the governement has asked GM and Chrsyler to prepare to file for bankruptcy, not actually file. This is to help things un-wind and happen quickly, if bankruptcy is what has to happen.
Lastly, all of these parties, including the analysts making predictions, are using the press as a way to gain leverage, so until it happens, its all just noise.
In the end, its about those of us who are still interested in the cars, and those poeple that depend on that industry.
Capitalism without failure, is religion without sin.
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- #951 of 2394
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Re: Chrysler first to fall? [sabre52270]
by Mr_Shiftright HOST
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Apr 24, 2009 (10:14 am)
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Replying to: sabre52270 (Apr 24, 2009 9:52 am)
True but Fiat announced it wasn't interested in Chrysler. Are they being coy? Hard to say.
I don't mind capitalism failing but if it has sinned, let the sinners get punished, not me. 
I don't like this "we sinned, you go to hell" business.
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- #952 of 2394
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Re: Chrysler first to fall? [sabre52270]
by boomchek
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Apr 24, 2009 (11:12 am)
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Replying to: sabre52270 (Apr 24, 2009 9:52 am)
Everyone has an opinion on what's happening with Chrysler, Fiat, the government and their creditors. In the end, we won't know what happens until it happens.
Exactly.
Everyone asks me if I'm worried as I sell Chryslers. I tell them that until we're told to take the Chrysler logo off the wall then it's business as usual.
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- #953 of 2394
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News Flash !!!
by jayrider
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Apr 24, 2009 (11:23 am)
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Replying to: boomchek (Apr 24, 2009 11:12 am)
Walmart to buy chrysler !! One model of each car at the store. [ subcompact-compact-sm suv-med suv] Purchase with options on a computer. Standard and deluxe. Safe reliable vehicles with ASE certified mechanics to do warranty - parts- repairs. Could it work?
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